RBNZ Cuts OCR to 3%: How Much Further Will Easing Go?
The NZD lost more than 1% against the USD after the RBNZ decision, pushing the NZD/USD into oversold territory.
The NZD lost more than 1% against the USD after the RBNZ decision, pushing the NZD/USD into oversold territory.
The spotlight in the APAC region will be on the Reserve Bank of New Zealand’s policy decision, where markets are positioning for a potential rate hike.